Golden Entertainment Inc (GDEN)
Financial leverage ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,452,280 | 1,544,660 | 1,494,250 | 1,499,880 | 1,508,670 | 1,547,670 | 1,546,850 | 1,604,140 | 1,615,560 | 1,644,270 | 1,664,700 | 1,615,190 | 1,570,950 | 1,608,930 | 1,623,940 | 1,902,270 | 1,740,920 | 1,690,720 | 1,694,670 | 1,690,180 |
| Total stockholders’ equity | US$ in thousands | 537,733 | 545,584 | 368,044 | 352,473 | 352,920 | 352,202 | 335,028 | 333,258 | 319,541 | 305,419 | 276,687 | 171,213 | 161,262 | 178,574 | 182,040 | 258,851 | 289,744 | 296,211 | 303,089 | 315,322 |
| Financial leverage ratio | 2.70 | 2.83 | 4.06 | 4.26 | 4.27 | 4.39 | 4.62 | 4.81 | 5.06 | 5.38 | 6.02 | 9.43 | 9.74 | 9.01 | 8.92 | 7.35 | 6.01 | 5.71 | 5.59 | 5.36 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,452,280K ÷ $537,733K
= 2.70
The financial leverage ratio of Golden Entertainment Inc has shown some fluctuations over the past eight quarters. The ratio measures the proportion of a company's total assets financed by debt compared to equity.
In Q4 2023, the financial leverage ratio was 2.70, the lowest among the data points provided. This suggests that the company relied less on debt to finance its operations during this period.
The ratio increased in Q3 2023 to 2.83 but then spiked significantly in Q2 2023 to 4.06, indicating a higher level of debt relative to equity at that point. This trend continued in Q1 2023 with a financial leverage ratio of 4.26.
Looking back at Q4 2022, Q3 2022, Q2 2022, and Q1 2022, the financial leverage ratio remained relatively high and ranged from 4.27 to 4.81. This indicates that Golden Entertainment Inc had consistently high levels of debt compared to equity during these periods.
Overall, the financial leverage ratio of Golden Entertainment Inc has displayed variability but tends to be on the higher side, indicating a more significant reliance on debt in its capital structure. This may suggest higher financial risk and potential cost implications associated with servicing debt for the company.
Peer comparison
Dec 31, 2023